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The market dominance of stablecoins pegged to the USA greenback has undergone some adjustments over the previous yr. Whereas most of them are in a downward pattern, (USDT) has climbed again to its all-time excessive, knowledge from CoinGecko reveals.
Up to now 12 months, Circle’s (USDC) has seen its market share decline from 34.88% to 23.05% on the time of writing. Market participation of Binance USD (BUSD) plunged from 11.68% to 4.18% in the identical interval, whereas Dai (DAI) held its participation price at 3.66%, down from 4.05% in Could 2022.
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